1508-1512 21st Street NW
The sale of three adjacent Dupont Circle rowhouses, which hit the market at the beginning of the year, recently closed, and the new buyer has plans to convert the properties into a 15-20 unit condo development, UrbanTurf has learned.
The Victorian rowhouses at 1508, 1510 and 1512 21st Street NW (map) were listed by The Bediz Group in February for $6.485 million. The homes went under contract to an investment group not long after being listed and closed last week following a seven month due-diligence and preparation process.
“We sold the properties for significantly higher than asking price,” Bediz Group founder David Bediz said in a press release.
Jud Allen, part of the investment group, told UrbanTurf of the group’s plans.
“We are going to redevelop the property into a boutique luxury condo project,” Allen said. “The project will be a mix of large one and two-bedroom units with elevator access and large outdoor patios.”
Allen expects the project to have a total of 15 to 20 condos, and says the delivery estimate is mid-2017.
This article originally published at http://dc.urbanturf.com/articles/blog/dupont_circle_townhouse_package_sells_20-unit_condo_project_planned/10392
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